Can you write off vehicles over 6000 pounds?

Vehicles over 6,000 pounds can qualify for significant tax deductions under Section 179 and bonus depreciation. To qualify, the vehicle must be used more than 50% for business purposes. Section 179 allows you to deduct up to $28,900 (for 2023) of the cost of a new or used vehicle in the year it is placed in service. Bonus depreciation allows for 80% deduction of the remaining cost. However, personal use of the vehicle must be carefully tracked and deducted from the business use percentage. Vehicles that qualify include SUVs, trucks, and vans that meet the weight requirement. It's important to note that luxury vehicles have different limits and rules.